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Property owners pursue parcel splits for various reasons, including: Development: Subdividing a larger property into smaller lots to build multiple residences or commercial structures. Inheritance Planning: Passing down portions of a property to heirs while maintaining ownership of the remaining land.
Property owners typically pursue parcel splits for various reasons, including: Development: Subdividing a larger property into smaller lots to accommodate multiple residences, commercial structures, or other development projects.
Sep 17, 2024 · A farmer or landowner may wish to subdivide their property for the following reasons: Family Succession Planning. A landowner might want to divide the land into smaller parcels to transfer ownership to multiple family members, ensuring that each heir has a portion of the property.
Nov 30, 2023 · Splitting a property into two parcels is a strategic decision that property owners may consider for various reasons, including the potential for increased property value, better land utilization, or the intention to sell a portion of the land.
Property owners often pursue parcel splits for various reasons, including: Development: Subdividing a larger parcel into smaller lots to accommodate multiple residences or commercial structures. Inheritance: Passing down portions of a property to heirs while maintaining ownership of the remaining land.
Jul 28, 2022 · A right of way or an easement is a legal right to use part of someone else’s property for a specific reason, such as a shared driveway, or a lane leading to the backyard, explains Kamarianakis.
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Why do property owners pursue parcel splits?
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Nov 25, 2022 · We won’t cover EVERYTHING you need to do to subdivide and develop a property, but we will cover some items to consider before heading down the development path. The first consideration should be to the property zoning and official community plan (“OCP”) designation, if your municipality has an OCP.